Storm Alternate X AMA Session With BeInCrypto

In an AMA session with BeInCrypto, Denis Vasin, Lead Developer and Co-founding father of Storm Alternate DEX, unveils their decentralized derivatives trading platform’s progressive aspects and future plans on Telegram. By leveraging Telegram’s expansive person snide and seamless integration, Storm Alternate goals to revolutionize the trading ride, making it as easy as talking to chums. 

Denis discusses the platform’s high-leverage alternatives, SocialFi mechanics, and strategic partnerships, highlighting how these parts mix to lower limitations for imprint original customers and create a vibrant, interactive neighborhood. 

Be half of us as Denis Vasin answers key neighborhood questions and shares insights into the approach forward for decentralized trading.

AMA Session With Denis Vasin of Storm Alternate

BeInCrypto: This present day, we welcome the Lead Dev & Co-founder at Storm Alternate DEX — Denis Vasin 🙌 

🗣 COMMUNITY
I’ll possess some questions for Denis. After that, he’s going to solution 5 questions from your (beforehand chosen).

Denis, let’s start with this level 👇

Storm Alternate is described as the first decentralized derivatives trading platform on Telegram. Can you interpret on why you chose Telegram as the major platform and how this integration enhances person ride?

Denis Vasin: Hello guys! Thanks for having me here. Angry to have interaction with you!

Telegram is an enormous and vibrant platform, and its person snide is rising exponentially. In some worldwide locations, it’s develop into the flow-to messenger for both personal and skilled dialog. Integrating with Telegram makes our trade with out be troubled accessible and person-friendly. 

You don’t deserve to battle thru KYC or varied tests, lawful inaugurate Telegram, create and join a pockets, and start trading—all within about a clicks. We need trading to be as easy and familiar as talking to chums. Strive it out yourself – @StormTradeBot.

Moreover, we leverage the @pockets, an embedded pockets within Telegram that drastically simplifies the onboarding route of for customers original to crypto. This integration ability customers don’t deserve to install or tackle external wallets or dread about selecting the ethical network. 

They are able to seamlessly expend the @pockets to start trading, making the route of nearly about effortless. This now not excellent enhances the person ride nonetheless also lowers the barrier to entry for newbies to the crypto world.

BIC: This is what I realize as the starting of an AMA session! So what are the significant aspects of Storm Alternate DEX that you simply have are game-changers for customers?

Denis Vasin: Now we possess several cool aspects: high leverage as a lot as x50, deep integration with Telegram, and SocialFi capabilities admire crew tournaments and distributing NFTs for collaborating in trading activities. 

We’re going to have the option to continue to create within the SocialFi sphere because we survey, to illustrate, with Notcoin, how easy mechanics can flow viral within about a clicks, bringing a entire original target market to web3 and DeFi. We idea the the same.

One of the most important aspects that sets Storm Alternate apart is our emphasis on SocialFi, which transforms trading into a social process. In today’s world, trading is carefully influenced by social interactions, with slightly about a trading influencers and key idea leaders (KOLs) utilizing traits and choices. 

By integrating the trade with a social network admire Telegram, we bridge the gap between getting a trading understanding and executing it. Customers can instant act on insights and signals shared within their network, drastically reducing the time from understanding to execution.

Additionally, our platform supports neighborhood-constructing aspects equivalent to crew tournaments, where traders can collaborate and compete, enhancing the social facet of trading. We also distribute NFTs as rewards for participation in trading activities, adding a gamified layer that makes the ride more enticing and rewarding. 

This combination of social interplay and monetary process within a single app now not excellent makes trading more accessible nonetheless also fosters a vibrant, interactive neighborhood.

BIC: To attract the next 10 million DeFi customers, what methods are you employing to attain this plucky intention?

Denis: We depend on Telegram’s 900M person snide, simplify the interface, and provide academic materials so newbies can instant accumulate as a lot as the label. We also plug active marketing campaigns, associate with others, and incentivize early customers thru reward programs. 

As an instance, our utility token STORM’s TGE is coming quickly, and we within the meantime possess a Reward Choices program that rewards early customers for every motion on our trade. Factual opening your first feature earns you 10 RP, which is able to be airdropped as STORM tokens.

Additionally, we’re doubling down on referral and viral marketing methods. Impressed by the success of Notcoin’s viral marketing campaign, we’re imposing a referral program that incentivizes customers to invite others to the platform, constructing a network cease that drives exponential enhance. 

By offering rewards for both referees and referrers, we intention to faucet into the energy of social networks to spread awareness and attract original customers organically.

Our platform’s SocialFi mechanics are some other key characteristic that drastically enhances person engagement and enhance. We mix social parts equivalent to crew tournaments and collaborative trading challenges, which make trading a more interactive and neighborhood-pushed process.

BIC: Storm Alternate provides leverage as a lot as x50. What measures possess you implemented to control the dangers related to high-leverage trading? How does Storm Alternate DEX be clear that security and privateness for its customers on the entire?

Denis: Since an trade is a extraordinarily severe topic, the safety of our customers is our top priority. To tackle the dangers related to high-leverage trading and be clear that security and privateness for our customers, we possess now implemented several key measures.

First, we habits thorough audits of our honest contracts to be clear that their integrity and security. These audits reduction name and mitigate doubtless vulnerabilities, providing a extra layer of protection for our customers’ funds.

2nd, we enable customers to trade the usage of self-custodial wallets, which implies they protect corpulent control over their sources always. This implies eliminates the need for KYC procedures, enhancing privateness and ensuring that customers’ personal data is now not serene or stored.

Third, our platform accommodates a sturdy financial risk management model for liquidity suppliers. This model entails more than one risk parameters to be clear that the soundness and security of the platform. By carefully managing these parameters, we are in a position to provide protection to liquidity suppliers from coarse risk and be clear that the total smartly being of the trading atmosphere.

Additionally, we make expend of a decentralized liquidation engine that efficiently handles the liquidation of positions. This engine ensures that liquidations are implemented in a transparent and decentralized device, maintaining the interests of both traders and liquidity suppliers.

It’s significant to attain that our platform is designed so as that customers excellent risk the funds they’ve straight allocated as margin for a feature. This implies that even within the match of a significant market circulate, customers’ publicity is exiguous to the dispute funds they’ve dedicated to their trades.

BIC: I’m impressed 👏 you talked about SocialFi mechanics, alongside with squad trading tournaments and duplicate trading. How cease these aspects contribute to neighborhood engagement and platform enhance?

Denis: Monumental place a question to! One of our goals is to make trading stress-free. Customers must in actuality feel admire they’re segment of one thing piquant and enticing. As an instance, we’re planning so as to add squads for the Telegram channel or chat owners. By joining a squad, groups of traders can compete against each and each varied and salvage queer prizes. The competitive spirit and engagement will create an active organic neighborhood around Storm Alternate.

Additionally, our upcoming reproduction trading characteristic is a game-changer for neighborhood engagement and platform enhance. We’re going to have the option to enable reproduction trading swimming pools certain to Telegram channels for trading influencers and key idea leaders (KOLs). 

This permits followers to robotically replicate the trades of their well-liked influencers within the the same platform they expend for social interactions. By integrating reproduction trading straight with Telegram, we make it less complicated for customers to notice and apply a success traders, enhancing their very dangle trading methods and outcomes.

These aspects—squad trading tournaments and duplicate trading swimming pools—foster a collaborative and competitive atmosphere. They rework trading from a solitary process into a communal ride where customers can learn from each and each varied, half methods, and celebrate successes together.

BIC: You intend to inaugurate deep Telegram integration. Can you half more info regarding the upcoming aspects and expected influence? 👀👀

Denis: After we talk about about deep Telegram integration, we point out constructing a seamless and intuitive trading ride straight within the app. Traditionally, when a Telegram channel creator shares a market entry opportunity, customers deserve to navigate thru more than one steps on an trade—logging in, finding the pair, surroundings the leverage and quantity, cease loss / rob earnings; and performing extra steps. This route of could be time-ingesting and could perchance situation off customers to miss optimal entry parts.

With Storm Alternate, we’re constructing aspects that simplify this route of. Channel authors will likely be ready to create and half links with pre-situation trading parameters. Customers can merely apply these links, join their wallets, and straight inaugurate positions. This makes trading mighty more atmosphere friendly and person-friendly, especially for folk that apply trading signals.

Additionally, we leverage Telegram bots as a notification mechanism for our decentralized trading platform. These bots can send valid-time updates and signals about market actions, speak execution, and varied significant data, ensuring that customers protect told and could perchance also act instant.

This entire integration with Telegram is geared towards crafting an unparalleled person ride within our web3 utility, addressing the prevalent teach of non-person-friendly interfaces across many web3 apps. 

By simplifying trade execution steps and harnessing familiar notification programs, we’re devoted to offering a seamless and intuitive trading ride. 

This focal level on UX is poised to drastically strengthen accessibility and responsiveness, utilizing enhanced person engagement and facilitating platform enhance amidst a landscape where person-friendly web3 capabilities are scarce.

BIC: With the inaugurate of your token $STORM on the horizon, what influence cease you watch for this could perchance also honest possess on the platform and its customers?

Denis: The $STORM token would be the heart of our ecosystem, offering slightly about a advantages to our customers. This can provide reductions on trading payments, allowing customers to maximise their earnings. 

Additionally, $STORM holders will possess the opportunity to take part in governance, giving them a express within the platform’s future construction and decision-making processes.

We’ve also designed an effective deflationary token mechanism. A significant fragment of protocol payments—30%—will likely be dispensed to stakers, incentivizing long-term maintaining and supporting the token’s label. This mechanism now not excellent rewards our customers nonetheless also helps protect a wholesome and sustainable ecosystem.

BIC: What enhancements or traits in blockchain technology are you most serious about, and how cease they align with Storm Alternate DEX’s plans?

Denis: Blockchain technology is evolving instant, and several enhancements and traits significantly excite us at Storm Alternate DEX. These developments align completely with our plans and vision for the future.

Before every little thing, the upward thrust of Social-Fi platforms is a significant fashion we’re serious about. Social-Fi combines social networks with decentralized finance, fostering neighborhood engagement and collaborative trading experiences. 

Secondly, the integration of AI in trading data diagnosis is some other piquant construction. AI algorithms can analyze expansive amounts of trading data to call patterns, predict market actions, and provide actionable insights.

Thirdly, perpetual decentralized exchanges (perp DEXs) and synthetic sources signify significant enhancements within the DeFi situation. Perp DEXs enable for continuous trading of sources with out the need for worn expiration dates, providing customers with greater flexibility and opportunity. 

Synthetic sources, on the assorted hand, replicate the price of valid-world sources on the blockchain, broadening the vary of trading alternatives readily accessible. 

 As a platform running on the TON network, we’re titillating to capitalize on its high-plug, low-latency transaction capabilities to be clear that a seamless trading ride. To enhance this endeavor, we’re rolling out progressive aspects equivalent to Pockets v5 with gasless transactions and one-click trading functionalities. 

Additionally, we’re imposing account abstraction, a characteristic that enables customers to work on the side of honest contracts with out desiring to control gasoline payments straight. Fuel payments possess traditionally posed challenges for customers, on the entire inflicting delays and hindering the trading route of. 

By introducing gasless transactions and simplifying trading to lawful one click, blended with account abstraction, we intention to alleviate these issues and provide customers with a smoother, more atmosphere friendly trading ride. 

These developments in transaction processing and person interplay will enable us to efficiently tackle increased trade volumes, reducing wait times and enabling customers to capitalize on market alternatives valid now.

BIC: What advice would you give builders searching to enter the DeFi situation and compose their platforms?

Denis: For builders searching to enter the DeFi situation and compose their platforms, my advice could be to immerse yourself within the ecosystem and protect up-to-date with the most contemporary developments. Taking part in hackathons and diving deep into the inaugurate-supply code can provide commended insights and honest correct ride. 

Nonetheless, it’s crucial to be aware that success in DeFi goes beyond lawful technical proficiency. Level of curiosity on constructing person-friendly interfaces and ensuring sturdy security features to instill belief for your platform. Additionally, don’t underestimate the significance of product construction, marketing, and neighborhood engagement. 

Hearken to your customers, answer to their feedback, and domesticate a solid neighborhood around your platform.  Also, to all builders available, be aware to prioritize both the technical and neighborhood aspects of your mission—it’s the significant to long-term success.

BIC: Ok, let’s plug to the questions from our Community 🔥
@Kennedy192 needs to grab:
What methods and incentives does Storm Alternate make expend of to encourage person engagement and liquidity provision on the platform? How does the tokenomics of Storm Alternate strengthen these goals?

Denis: That’s a mountainous place a question to. Let’s delve into how liquidity provision works on Storm Alternate and the methods employed to encourage person engagement. Merchants have interaction in trading by providing collateral when opening positions, and Storm Alternate provides leverage to these traders. 

To facilitate this leverage, external liquidity is utilized, and here’s where liquidity suppliers play an extraordinarily considerable feature. By supplying liquidity to Storm Alternate, customers enable trading activities, and in return, they receive 70% of all protocol payments generated. 

Additionally, we make expend of liquidity mining as an incentive mechanism, rewarding customers with rewards parts for providing liquidity. In the extinguish, these rewards parts will likely be converted into Storm tokens, extra incentivizing liquidity provision. The Storm token serves as a buffer, enhancing the liquidity model and facilitating smoother transitions. 

Significantly, liquidity provision on Storm Alternate differs from worn objects, as it involves providing liquidity in a single token in feature of thru more than one swimming pools, offering a titillating APR of 73% on USDT today. These methods collectively incentivize person engagement and liquidity provision, fostering a sturdy and vibrant ecosystem on Storm Alternate.

BIC: @BGerbara:
Can you talk about any partnerships or collaborations Storm Alternate has established with varied projects or platforms within the blockchain and cryptocurrency situation, and how these partnerships are expected to augment the platform’s offerings and attain?

Denis: Constructive, our partnerships are integral to our ecosystem’s enhance and vitality. We prioritize collaborations with varied projects and platforms within the blockchain and cryptocurrency situation, leveraging synergies to augment our offerings and make bigger our attain. 

Our partnerships span a range of areas, alongside with ecosystem projects, investment funds, and media resources. We on a conventional foundation host associate tournaments with enticing rewards, fostering engagement and neighborhood involvement. These tournaments incentivize customers to trade on Storm Alternate, climb the leaderboard, and compete for prizes. 

Additionally, we collaborate with renowned investment funds which possess invested in our platform, providing commended strengthen and resources. Moreover, we’re enraged to dispute our collaboration with Pyth Community and Stork, oracle data suppliers network, which enables for low-latency label feeds on Storm Alternate. 

These partnerships now not excellent strengthen our platform’s capabilities nonetheless also give a enhance to our dedication to providing customers with real and up-to-date market data. We delay our gratitude to all our partners for their ongoing strengthen and collaboration, and we search for forward to continuing to crimson meat up these relationships at some point.

BIC: @NilsaTellez50:
The understanding that of “Alternate The entire lot” is interesting. May perchance well well you interpret on how Storm Alternate permits customers to trade a various vary of sources, alongside with both cryptocurrencies and valid-world sources, within a single platform?

Denis: Completely! At Storm Alternate, our dedication to “Alternate The entire lot” extends beyond cryptocurrencies to encompass a various vary of sources, alongside with valid-world sources, all within a single platform. 

We’ve honest honest nowadays added approximately 20 major cryptocurrency market-main tokens to our platform, providing customers with accumulate valid of entry to to a giant vary of trading alternatives. As an illustration, we honest honest nowadays listed NOTcoin futures, which possess already obtained significant reputation among our customers. Nonetheless our vision doesn’t cease there. 

We’re actively working on rising our offerings to encompass sources beyond cryptocurrencies. Factor in being ready to trade Forex and commodity sources straight from Telegram. Advise the buzz of trading oil futures or shorting gold at historical highs, all within the benefit of our platform. 

At Storm Alternate, we’re devoted to empowering customers to trade a various vary of sources seamlessly, making the sector of trading more accessible and piquant than ever before.

BIC: @Huyenlay:
What distinguishes TON-Margined trading on Storm Alternate from worn stablecoin-basically based entirely trading, and how does it make bigger the trading alternatives for customers?

Denis: TON-Margined trading on Storm Alternate provides a significant departure from worn stablecoin-basically based entirely trading, presenting customers with queer advantages and expanded trading alternatives. TON margin futures signify a significant step forward for the TON ecosystem, as they enable TON to be utilized as collateral for positions and to pay commissions. 

With TON margin futures, customers no longer need anything of their wallets besides TON, streamlining the trading route of and enhancing convenience. As the TON ecosystem approaches mass adoption, Storm Alternate is poised to emerge as one amongst its flagship platforms, utilizing extra enhance and adoption. 

It’s price noting that whereas TON-Margined trading caters particularly to the TON adopter neighborhood, USD-Margined futures remain the preferred crypto trading product, producing 90% of all volume. 

Thus, Storm Alternate’s provision of both TON-Margined and USD-Margined futures caters to a colossal spectrum of customers, ensuring inclusive accumulate valid of entry to to trading alternatives within the platform.

BIC: @sondeptrai5:
Can you repeat how Storm Alternate addresses issues when it comes to slippage and front-working in decentralized trading? How does Storm Alternate facilitate incorrect-chain trading, if at all?

Denis: Yeah, that’s a honest correct place a question to. As we possess now already acknowledged, the safety of our customers and sources is paramount to us. To protect faraway from frontrunning we expend highly effective onchain label oracles which, attributable to our partners admire Pyth Community and Stork, enable us to build up prices updated several times per 2d with minimal risk of latency. 

We always audit all our honest contracts and exercise sturdy risk management metrics to be clear that our liquidity suppliers remain safe always.

BIC: Ok, mountainous, that’s it! Denis, thank you for having time today 🖤

Denis: Thank you for interesting me!

Conclusion

As the AMA with Denis Vasin concluded, we obtained some attention-grabbing insights about Storm Alternate. By integrating deeply with Telegram, offering high-leverage alternatives, and incorporating SocialFi mechanics, Storm Alternate goals to create a seamless, enticing, and person-friendly trading ride. 

Denis’s insights into the platform’s progressive aspects, strategic partnerships, and future plans repeat a dedication to revolutionizing derivatives trading. With its focal level on accessibility, neighborhood, and slicing-edge technology, Storm Alternate DEX is situation to lower limitations and attract a original generation of traders.